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Regulation

ACCC issues banking scam warning

The consumer watchdog has called for heightened vigilance among bank customers amid reports of up to $800,000 in losses from a single scam.  

Stress, anxiety, and suicide: How Robodebt traumatised Australia

After nine weeks of hearings, the Robodebt royal commission is over. But the mental health impact of the controversial government scheme is still being felt.

Chalmers blocks Senate order into ASIC deputy

Treasurer Jim Chalmers has blocked a Senate order calling for the release of confidential findings of misconduct against ASIC deputy Karen Chester. 

Lenders in court over ‘serious’ credit breaches

ASIC has taken two small-business lenders to court for unlicensed credit activity and charging an annual interest rate of over 48 per cent.

Broking industry ramps up payroll tax action

Aggregators and broker associations have been urgently engaging with politicians to flag concerns with NSW Revenue’s stance on payroll tax.

Banking committee commends banks for drop in breaches

The banking code committee has announced banks reported an almost 40 per cent drop in breaches of the banking code.

Treasury urged to prioritise regulatory road map: COBA

COBA has called for the federal government to use its pending budget to develop a road map for financial services regulators.

APRA says 3% loan buffer is still ‘appropriate’

The 3.0 per cent loan serviceability buffer and existing macroprudential policy settings are “appropriate”, APRA has concluded in an assessment of its policy settings.

Lenders penalised $6m for misconduct: ASIC

The Federal Court has found that ClearLoans has breached the Credit Act and ordered over $6 million in penalties.  

Aussie-UK anti-money laundering, counter-terrorism deal inked

AUSTRAC has partnered with a UK counterpart to fight fraud, the financial intelligence agency has announced.

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